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Politicians talk about the “middle class” often. The President highlighted policies aimed at helping the middle class in his budget proposal. And The New York Times recently wrote about the shrinking middle class. But how do we define the “middle class”? Who is and who isn’t in it?
READ MOREConsumer spending got off to a sluggish start in the new year, but strong spending at restaurants and drinking establishments has helped temper that trend.
READ MOREThe improving economy – and the distance it still has yet to go – came into focus this week, as for the first time since January 2001, we learned there were more than 5 million job openings in this country in December.
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My Winter Study experience at AIER was potentially life changing.
READ MOREStudents at Monument Mountain Regional High School are exploring a very interesting and creative twist on traditional economic indexing. The Everyday Price Index, calculated each month by the American Institute for Economic Research, reflects price changes felt by Americans on a day-to-day basis, measuring the prices of those items that they buy frequently, such as food, utilities, fuel, and prescription drugs.
READ MOREDespite an uptick in the unemployment rate, this morning’s jobs report showed reassuring strength, as a million people entered the workforce in January alone. The report from the Bureau of Labor Statistics comes after a number reports have suggested weakness in some parts of the economy in recent weeks.
READ MOREWith the price of oil down by more than 50 percent since June 2014, we would expect that the overall price of goods and services would fall, too. But, when we turn to the data, we find some surprises.
READ MORERecent reports are suggesting the economy, which had been robust in recent months, has softened a bit recently.
READ MOREThere is a wealth of important news going unreported just beneath the surface of the income inequality debate, a reporter for the public radio program “Marketplace” wrote in his newly award winning essay.
READ MOREEgg prices were up 7.7 percent in December, and 10.7 percent over the past year, according to the Bureau of Labor Statistics. Two key causes for the jump in prices are the spread of avian flu in Mexico and new regulations for egg producers in California.
READ MOREThe Bureau of Economic Analysis this morning released a disappointing first estimate for the 2014 fourth-quarter real gross domestic product – the total value of this country’s finished goods and services. At 2.6 percent, it was roughly half of the 5.0 percent pace of growth in the third quarter. And it was about half a point below the consensus of analysts’ expectations. But despite the disappointing headlines, there were a couple of positive points within the details.
READ MOREFor most people, the task of settling an estate is learned the hard way: on the job during a time of grief. Knowing a few critical first steps can go a long way toward helping you get your bearings as you face the job of honoring a loved one’s final wishes.
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